The City of Santa Rosa administers a Rehabilitation Loan Program which offers loans to eligible investor owners:
- At least 70% of the project’s units must be occupied by low income households.
- Up to $15,000 per rental unit
- 3% interest with a loan term of 15 years. The interest rate is fixed at the prime rate if payments are deferred.
- Investor must agree to provide units at affordable rents over the term of the loan.
For more information contact 707-543-3300
PLEASE NOTE: Due to budget constraints, this program has been suspended temporarily.